Liquid foreign reserves reach US$20,502.1m

KARACHI: State Bank of Pakistan (SBP) on Thursday announced that the total liquid foreign reserves held by the country stood at US$20,502.1 million on 22 January 2016. The break-up of the foreign reserves position is as under:

Foreign reserves held by the State Bank of Pakistan: US$15,646.8 million. Net foreign reserves held by banks: US$4,855.3 million. Total liquid foreign reserves: US$20,502.1 million.

During the week ending 22January2016, SBP’s Liquid FX Reserves decreased by US$105 million to US$15,647 million, compared to US$15,752 million in the previous week. During the week, SBP made payments of US$109 million on account of external debt servicing.